The future of commercial insurance

Taking out insurance online, reacting quickly to change requests, simple and easy-to-understand products – what has long since become the norm for the private customer business is now also becoming increasingly popular in commercial insurance.

Business interruptions due to pandemics or destruction caused by flooding pose major challenges for many companies. In order to be able to react quickly to changing conditions, it is essential for small and medium-sized companies in particular to be able to adapt their insurance cover at short notice and thus safeguard the company’s existence.

It is also necessary for insurers to be able to react quickly to changes in the market. It must be possible to introduce new products or tariffs at short notice in order to be able to insure new risks, such as the increasingly important cyber insurance or new professional fields.

Faktor Zehn’s software can cover both the needs of customers and insurers. The Faktor-IPM policy management system also offers the option of bundling several products, such as public liability insurance and business contents insurance, into one policy. This allows customers to conveniently cover their risks in one contract and adapt it to their needs at any time thanks to the modular system.

Renowned insurers such as Nürnberger Versicherung and WWK Allgemeine Versicherung have already gone live with Faktor Zehn’s software for their commercial products. The standardised software has made it possible to go live in a short space of time. For example, the Faktor-ICS claims system went live at WWK Allgemeine Versicherung in less than a year. Of course, we have also reported on this.

So if you as an insurer also want to be able to react quickly to changes in the market and the needs of commercial customers in order to be able to offer adequate insurance cover at all times: With the Faktor Zehn software, we offer you various products to help you move easily and securely into the future of commercial insurance. Feel free to contact us at any time at: businessdevelopment@faktorzehn.de.